Market Highlights

Known as ‘Scenic City’ or ‘Gig City’, Chattanooga is Tennessee’s fastest-growing city and one of the top places to live in Tennessee due to its wide array of outdoor activities, start-up-friendly culture, and employment options. The largest 6 industries in Chattanooga employ over 190,000 people in the Government, Manufacturing, Education & Health Services, Professional & Business Services, Leisure & Hospitality, and Retail & Trade sectors. Recognizable companies such as BlueCross BlueShield, Volkswagen, Unum, and Amazon contribute significantly to the area’s economy. Erlanger Health System, CHI Memorial, and Parkridge Medical Center anchor the region’s healthcare sector, offering over 1,700 hospital beds. UT Chattanooga, the city’s largest university, has an enrollment of 11,432 students.

Chattanooga has earned a reputation for being one of the country’s best outdoor cities and features over 50,000 acres of canyons, caves, mountains, streams, and rivers in seven state parks. There are also over 50 trailheads within 30 minutes of downtown in addition to ample rock climbing and caving opportunities. Chattanoota’s Riverfront area highlights a beautiful downtown, which is home to the Tennessee Aquarium, one of the country’s best aquariums.

Multifamily Highlights

Major Employers

  1. BCBS of Tennessee

    4,776 jobs  | Learn More
  2. Volkswagen

    4,668 jobs  | Learn More
  3. Erlanger Health System

    4,632 jobs / 998 beds  | Learn More
  4. TVA

    3,746 jobs  | Learn More
  5. CHI Memorial

    3,525 jobs / 488 beds  | Learn More
  6. McKee Foods

    3,196 jobs  | Learn More
  7. Unum Group

    2,872 jobs  | Learn More
  8. Amazon Distribution Center

    2,751 jobs  | Learn More
  9. Roper Corporation

    2,500 jobs  | Learn More
  10. Astec Industries

    1,872 jobs  | Learn More
  11. Cigna Healthcare

    1,633 jobs  | Learn More
  12. UT Chattanooga

    1,376 jobs / 11,432 enrollment  | Learn More
  13. Parkridge Medical Center

    1,374 jobs / 275 beds  | Learn More
  14. U.S. Xpress Enterprises

    1,151 jobs  | Learn More


Other Demand Drivers

  1. Hamilton Place Mall

    1,160,861 SF; Dillards, Belk, Dick's Sporting Goods  | Learn More
  2. Northgate Mall

    660,790 SF; Belk, AMC Theatres, Old Navy  | Learn More
  3. AT&T Field

    Home of AA Chattanooga Lookouts  | Learn More
  4. Tennessee Aquarium

    #10 Best Aquariums in US / 660,000+ annual visitors  | Learn More
  5. Chattanooga Airport

    4 commercial airlines; 8 nonstop destinations  | Learn More
  6. Chattanooga Riverfront

    16.1 miles of paved path along the Tennessee River  | Learn More

Sources & Comments

1. Chattanooga, TN-GA Metropolitan Statistical Area consists of 6 counties, according to Office of Management and Budget: (1) Catoosa (2) Dade (3) Walker (4) Hamilton (5) Marion (6) Sequatchie

2. Primary Sources: (1) https://fred.stlouisfed.org/ (2) YardiMatrix (3) RentCafe.com (4) CoStar (5) rcanalytics.com (6) www.bls.gov (7) https://chattanoogachamber.com

3. Sales Comps are from 9/20/22 – 9/20/23

4. Development Pipeline as of 9/20/2023

5. This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty, or guarantee, expressed or implied as to its accuracy